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Limited barge availability on the Mississippi has increased rail and truck hauling of grain to the Gulf for export. National Grain and Feed Association CEO Mike Seyfert said St. Louis to Gulf rail carloads nearly doubled year over year in mid-October, and secondary-market rail car prices rose sharply.
Elevators are adjusting operations hourly as loading takes longer.
Shifting volumes to higher-cost rail and truck freight raises the delivered cost of export grain and supports Gulf basis, while squeezing interior bids. Feed buyers should expect elevated transport costs through year-end.
brownfieldagnews.comCarah HartOct 28, 2022Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
